2817 Orchard Ave
USC Adjacent Student Housing
Master Leased Investment
Prime Student Housing Near USC
Greater Downtown Los Angeles consists of the Downtown, Mid-
Wilshire and Hollywood submarkets. The continued revitalization of the
market will boost population gains. The population base of 822,000
people will expand as more than 11,000 citizens are added over the
next five years, filling new residential projects. Downtown houses
numerous corporations, retail and entertainment venues that draw
commuters into the city daily.
The downtown area is undergoing a major renaissance due to the light rail and mixed-use projects such as L.A. Live attracting businesses and residents.
RAPID HOUSEHOLD GROWTH
Household formation will increase briskly during the next five years with the addition of 12,100 households.
ROBUST HEALTH SECTOR
Healthcare provides a large number of jobs in the downtown area, employing thousands of workers and supported by public healthcare initiatives.
Major employers in the market include Farmers Insurance, Kaiser Permanente, Paramount Pictures, Deloitte, Ernst & Young, University of Southern California and Transamerica Insurance. Building conversions and mixed-use developments that include housing are bringing residents back into the area. Young, urban professionals desiring shorter commutes and downsizing households seeking to live near amenities are absorbing these units. A well-educated population provides companies with a skilled workforce. Roughly 38 percent of people age 25 and older hold a bachelor’s degree; among those residents, 11 percent also have earned a graduate or professional degree.
Building Size: 4,020 SF
Lot Size: 12,589 SF (0.29 ACRES)
Number of Units: 1
Year Built: 1898
Student Housing Investment Located in Prime USC Area.
Walkers Paradise with a Walk Score of 88